Multiple Choice
As a result of the system of mass production, the majority of factory owners:
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0. Basic Principles of Economics
Factors of Production
Back0. Basic Principles of Economics
Factors of Production
- Multiple ChoiceIn the context of factors of production, what economic concept is illustrated when each worker learns one task very well?24views
- Multiple ChoiceGovernment investment in human capital is likely to shift which of the following curves in the production process?21views
- Multiple ChoiceWhich of the following is NOT considered a factor that affects worker productivity?28views
- Multiple ChoiceWhich of the following changes would increase labor productivity?29views
- Multiple ChoiceWhich of the following is an example of factor mobility in the context of factors of production?31views
- Multiple ChoiceA clothing manufacturing plant would most likely be classified as which factor of production?35views
- Multiple ChoiceWhich of the following is a major disadvantage of organizing economic activity within firms?24views
- Multiple ChoiceWhich of the following are necessary ingredients to the buyer's problem in microeconomics?38views
- Multiple ChoiceWhich of the following are considered basic types of resources (factors of production) used by producers?20views
- Multiple ChoiceWhich of the following situations best illustrates when a resource is considered valuable in economics?33views
- Multiple ChoiceWhich three factors of production are interrelated such that a change in one often leads to changes in the others?24views
- Multiple ChoiceWhich of the following best explains why producers choose to specialize?28views
- Multiple ChoiceWhich of the following is a reason for changes in buyer tastes, affecting the demand for factors of production?32views
- Multiple ChoiceWhy might higher interest rates deter a firm from building a new factory?36views